Saudi stocks set to receive $20bn windfall as kingdom joins major indices – Gulf Business

Saudi Arabia’s inclusion in major emerging markets stock indices from Monday is likely to suck in around $20bn in passive inflows, but unease after Jamal Khashoggi’s murder and sluggish reforms could lead some active foreign investors to steer clear.Saudi Arabia will be the biggest recent addition to the global indices, the largest of which is the MSCI Emerging Markets Index, which it joins from May. MSCI will give the kingdom a weight of 2.7 per cent, between Russia and Mexico.